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cell energy and all of them hitting 52 week highs. all thanks to to as low. the unstoppable stock. adam: the obama administration is rolling out its 2015 budget and singing the familiar tune. can use a tax hikes? cheryl: oil prices reversing course, down 4% after closing at the highest level in five months yesterday. commodity analyst matt smith and phil flynn saying get used to this volatility. the energy burrito and the mighty fallen coming up next. when does your work en does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or wn your compan's bought another? is it over after you' given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody li
some of the biggest names in the energy business are saying about the major issues facing the industry. >>> encouraging words about the u.s. economy today from ben bernanke. in his first public speech since stepping down as chairman of the federal reserve at the end of january, bernanke spoke at a financial conference in the united arab emirates, saying the outlook for the u.s. is positive compared to the rest of the industrialized world. he believes the u.s. economy will continue growing at a rate of around 3% this year. >>> president obama may be counting on that kind of growth or even more for the year ahead as he unveiled a proposed $3.9 trillion federal budget for the year 2015. fiscal year, that is. it focuses on ending tax breaks for the wealthy in order to pay for massive improvement projects for the nation's crumbling infrastructure. >> our budget is about choices. it's about our values. as a country we've got to make a decision if we're going to protect tax breaks for the we wealthiest americans or create jobs and grow our economy and expand opportunity for every american. >>
is blackmailing europe over energy. >> customers continue to say they need the pipeline. >> fossil fuel industry will always outspend everybody else. >> look at what is happening in ukraine. >> it's mainly about energy. >> great suggestions, one the keystone pipeline. >> marketplace continues to push to build the pipeline. >> i'm right when i talk about that inherent link between energy and security. >> i know that pipeline is necessary. >> america needs pipelines. >> good to have you with us. thanks for watching. we're getting into the say anything, do anything phase of the keystone xl pipeline. all the smart people saying we got to have it. we must not be very secure right now. if we don't build this pipeline, we're not going to be very secure. you see, conservatives what they're doing right now is that they are exploiting a foreign policy situation overseas to get something that they really want and they really don't know a whole hell of a lot about. they are shamelessly using the crisis in the ukraine to push for the keystone xl pipeline. i say not so fast. the conservative noise machine is
a good economy, things like energy, things like financials are a hedge against that frankly is health care. we think it is the cheapest offensive sector out there and particularly we like pharmaceuticals and specifically we like pfizer. >> and you also you mentioned just financials and bank of america is another one of your recommendations. tell us what's the appeal with bac. >> like a lot of things we're looking at this year, we're looking at valuations. we think it's going to be a good year for banks in general. and we think it will be a better year in terms of stock price for those banks that are cheaper than average going into the year. we think bank of america is cheaper. we think it's going to be a good year for banks in general. >> energy has been a little bit or orphaned hasn't it, eric? >> absolutely. last year was horrible for energy. a lot of negativity was priced into commodities in general but specifically energy stocks. we think it got overdone. and again, our overweight in energy really is a manifestation of the fact that we think we're going have a good economy that's
impact for ukraine. peter cook tells us how the ukraine is fueling the energy debate here in the states. ukraine. the latest on president obama says russian president vladimir putin has breached international law. the present spoke to reporters earlier today on the situation in crimea. thatere is a strong belief russia's actions is violating international law. president putin seems to think -- has a different set of lawyers making a different set of interpretations. that is fooling anybody. everybody recognizes that, although russia has legitimate interests in what happens in a neighboring state, that does not give them the right to use force as a means of inserting influence. said heresident also has not spoken to president putin since the weekend. let's get the latest on the --und rumble bloomberg ground from bloomberg. what is the latest in the standoff? much a tensel very standoff. there's is an air base down in crimea. it was taken over by russian forces over the weekend. this morning, ukrainian troops -- 300 of them -- marched back to that base and said they wanted it back. soldie
. his funds blew away the market last year. you done want to miss hpicks. >>> the energy departmentç approving loan guarantees for first new nuclear power plant in years. christine todd whitman tells us whether this is the beginning of a nuclear resurgence in this country. >> and chipotle trying to walk back comments that rising costs associated with climate change could eventually force the company to take guacamole or salsa off the menu. we have a stock brawl coming up. you're watching cnbc, first in business worldwide. for tapping into a wealth of experience. ♪ for access to one of the top wealth management firms in the country. ♪ for a team of financial professionals who provide customized solutions. for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve. visit pnc.com/wealthsolutions to find out more. make it happen with fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> welcome back. the recent spike in energy p
energy costs down whether it be in refining where he has the best chemicals to be able to get the most gasoline out of dirty oil, for instance, in the turbo which is what you need to be able to low your -- get more mileage out of each gallon. that's a very important thing. and, of course, he does the cockpits for pretty much everybody. he's done a remarkable job in honeywell, my charitable trust owns it. it's just been a gigantic winner. at one point they asked him about activism and he had a great answer when your stock goes up all the time the activists don't call. good man. >> is it your favorite industrial name? >> definitely. >> really? >> yeah dave cody is a remarkable guy, and yes, i'll admit we are next-door neighbors and he's also a terrific guy in person. >> you can't argue with what he brings to the interview and certainly with the stock as you said. we'll watch that closely along with exxon also having a -- >> yes, down. >>> in the meantime, former microsoft ceo steve ballmer giving a talk to graduate students at the university of oxford's school o
stock for 10-plus years, other than the energy sector, and that is where we thought the lifting of all of that public policy and certainty related to all of the government issues we have had the last two years, that would be the main driver and that durable a much more placed to pick consumer oriented companies. indexdid see the pricing today -- it went up a point more than people thought, giving some hope it would rebound a little bit. but guess what? the r&d taxon of credits last year. congress did not renew those. we are seeing bid increases -- big increases in november and december. we have seen nothing in february so far. what we do not know is whether we will see that building and, whether there was a temporal, prime shift with black -- prime shift -- >> you think that is inevitable? >> the good part of the durable goods report last month, or last week showed a big pickup in january. we had in industrials conference. we got a lot of positive .necdotes from these companies they are much more interested in capital spending or even nurtures and acquisitions than vying back stocks. i
since thanksgiving. is that because the street now sees tesla as an energy company, not just an electric car company? we have one guest who's going to make that case coming up. >> that story, bill, tesla, has been the story all week. now, here's how we stand in markets. what were you going to stay? >> i was going to say an analyst price forecast for that stock are all over the map. from the $200 range to the $60 range. >> pun intended. any who, here's where the dow stands. up to 16,245. meanwhile, as we mentioned off the top, the s&p 500 up about six points to just about 1851 at this hour. that's three points above its all-time closing high. >> all right, everybody. belly up. let's talk about this marketing in today's "closing bell" exchange. we have a lot of people, more who will be joining us. heather hughes just sitting down. how are you? >> good. >> greg ip from the economist. we have john doyle, jim lowell from adviser investments. we have steve liesman, rick santelli. it's a cast of thousands here. steve, i'm going to start with you. give us the hits and runs of janet yellen's test
an interesting note this morning, there's energy in the ukraine that could supplant the russians as far as being a supplier to western europe. there's a lot of things going on here. we'll hear more about it. this isn't going to go away. >> david molnar, you point out we're hovering around the fifth anniversary of the beginning of this bull market from the lows of march of '09. it's getting long in the tooth. is this market just running out of steam. is this a good excuse to sell today? >> yeah, bill, i think that's exactly what we're seeing here is that the market is a little bit extended, a little bit tired after a big run here off the january lows. we needed to see something come along that would create an impetus for consolidation, even a short-term correction, and this happens to be it right now. i agree with the prior two guests that this is probably going to be a short-term correction. it's not necessarily, you know, a change in trend here, but i would point out we do have friday's employment report coming out that's going to dictate a lot about, you know, the future direction of fed polic
. to the extent we could impose energy sanctions on russia, understandable and effect because they rely so much but i would go one more step and say by 2020 we are expected to be the world's leading producer of energy and there's talk about exporting natural gas, we need to make it clear we need to start planning for the long game and we will have natural gas with allies that reliance on russian gas to be accountable. stuart: it is all about energy, isn't it? a lot of europe is supplied with natural gas, a lot of that comes through ukraine and from russia. therefore, there is a limit to a and forbid its natural gas to get into europe. the europeans will never look at that. stuart: we have to take into account the effect this will have on their economy, doing things that will affect their allies may not be beneficial but if the president came out today, he won't but if he came out today and said we are an energy powerhouse we are committing that in ten years we have great contract with our allies that would scare the russians. vladimir putin does things with long hall and he knows is only play i
. we see an energy prices up. so we see an uptick for brent. point when these oil prices continue to uptick. it will get to a point where people will start thinking about inflation. perhaps what it could mean for growth ahead. for gold, one point three percent, we are now at $1343. a $150 gain so far. north korea, when that happens, we usually get an uptick along the south korean defense plays. naver corp, two percent down after gains last week. i will be back later on. john, back to you. j.crewican fashion has -- has friends in very hype very high places. and may have a new owner. >> that is the country trading in the japanese trading session. they may acquire j.crew for a deal valued at the $5 billion. really looking to make inroads in the u.s. unwilling to grow and expand overseas. they want to be the world's largest clothing retailer. so they are betting on scoop-neck tees and cardigans. the bigs fan is michelle obama the united states. she loves them. i love -- i wear some j.crew j.crew -- i wear some clothing. it is hard to buy it here. leonard green has been the guy behind
this is a tiny economy and russia is a third world economy for its energy sector but the point is -- bob, let me go to you. the point is europe could get involved, natural gas shutdowns could get involved and these kinds of tensions have a way of rippling through. i like this reuters announcement, i'm going to assume it's true. i like the sound of it. the stock market may not like the sound of it because it's the united states being tough and kind of in your face to putin. let's face it, bob, putin's thugs have taken over the sovereign state of crimea, ended the legislature, ended the prime minister and therefore we've got to do something about that. >> correct. forget these statistics. the ukraine is one quarter of one percent of whatever. 1997, larry, i was down on the floor of the new york stock exchange when the tide bot collapsed and nobody was saying that tie land was an important part of the economy but the ripple effects around the world were felt in other economies. it's the butterfly wings in africa that causes storms in the united states. >> it was the anchovies off the coast of peru.
about sempra energy? you know i like these good conservative companies. shocker? i don't think so. seventh, ebay! what can i say? we have been red hot on this country ever since carl eicahn got involved. when we've seen the corporate breakups in the past, they've made us a ton of money. whitewave broke off of dean foods. a national food company is going to be able to be on a stand-alone basis more effective than a combined company that has just gotten milk and focused natural foods. i think acahn is right. ebay should split up, too. we know value and breakups work. this is the gift that keeps on giving. thank you carl icahn. and verizon. now that the deal allowing verizon to buy the rest of verizon wireless closed, all the brokers are piling in, praising it and both jpmorgan and morgan stanley today. i know expressed frustration because i like the deal so much. just when you start to get maximum frustration is when things get real interesting. verizon could be a core holding for any portfolio. it remains the stock i shout back at people when they shout back at me, jim, booyah, wha
whether to the level to buy yandex, concerned about the energy situation in germany, yeah, i mean maybe not time to pick things up. i agree with warren buffett. not hard to do, obviously, given his long-term track record. this is where you pick. you're getting a chance. he had a big sell-off friday afternoon and he kind of rallied in the last half hour. if we get those prices again at 330, count me in. count me in. >> fixing my collar here. always important that you look well in the morning when delivering and trying to opine and provide insight. >> the clothes make the man. >> of course on that note, studying up on ukraine and crimea and russia's history with it, and what khrushchev did in '54, whether he gave to them, whether thhe didn't want to dea with it. this forces money manages are to hit the history books. >> my producer, ukraine is -- actually i read the stories, warren's say, remember, 50% of the whole country is russian and the crimea is russian. so, this is kind of a -- apparently there's questions about resources and they use a lot of water in crimea. >> ukraine. >> a lot
whoead observes him closely said, it might be energy. energy will be the big area. is for the most part a stable and secure industry. there are dominant players and you can have a monopoly hold on a certain sector of this group. is that similar to what you have heard? areay could be an active for him? >> certainly, he hinted their big energy unit, they did the deal and the battle last year. he said it would not be their last major acquisition. i take him at his word. this industry has room for consolidation. there are utilities out there. i do not know if it will happen this year or when, -- >> let's be clear. i think what you're referring to and powertribution generation, both of which enjoy great labor returns in capital. let's say he could deploy capital at 12% with flow that could cost them nothing over time. it is extraordinary. then there are huge amounts of capital. as to the actual producers of energy, exxon and the rest, i think he struggles with what he thein this as his test, hundred year test. he talked about the new acquisitions still around 100 years. exxon has been around
the effects of reduced energy subsidies from russia. that's why ukrainians have been getting oil and gas and been able to do it cheaply. now that they want to rebuild the economy, they need to work with the imf on this. one of the things the imf is looking for them to do is raise energy prices. a lot is geared toward the energy factor. u.s. is sending technical advisors to work with the government on energy reforms and other types of financial reforms that they need to do to rebuild the economy. they also want to help the ukrainian businesses. they're talking about further assistance. they'll be sending advisors to work on anticorruption and recovering. is it enough? don't know. the ukrainians said they need $30 billion to rebuild the economy. this is a drop in the bucket. >> obviously the administration has been trying to motivate and rally members of the european union to join them in threatening at the at least sanctions and of punishments against the russian government and individuals in the russian government perhaps. i'm wondering what you've heard about the difficulties the u.s. h
prices falling back a dollar 60. russia is one of the biggest energy producers especially for the rest of europe. and it's home for big tech names the stocks of yandex and kiwi are soaring. fear is off right now. risk is back on. but the situation is very fluid. and the beggar concern on wall street could very well be not russia but the jobs report for february. that's due out on friday, neil. >> and that's going to be one that's going to be closely monitored, lauren, thank you very much. >>> to washington. forget about the debt the president officially unveiling his budget calling for billions more in spending and it comes after one top democrat said we really can forget about cutting anything. >> there is absolutely no way we're going to cut spending. we're not going to cut education. you know, and we're not going to repeal the affordable care act. let that be known. it's not happening. >> all right. so, cutting spending is not happening. watching where all this is going down, michael? >> the budget blueprint has taken a lot of heat because it's seen as not making the tough choices a
on its energy are little bit more hesitant, the complete western unity on this issue is unlikely at this point. season companies and individual property and accounts in russia if the sanctions are imposed. concerns or confrontations stretching all the way along the north and east, that is true in the city here, it is a stronghold of pro-russian sentiment in ukraine and it is the home base of ousted president. pro-russian supporters seized a local government building but were remove this morning but not for long. they have retaken the building, re-raising the russian flag and singing soviet era songs. it just highlights the tensions and the divide within ukraine are still running very deep. cheryl: ashley webster, thank you for the update. we will monitor any headlines we will get out of paris but for now of course following this for the client. what are you talking your clients are of interest in eastern europe and in particular with russia, could be be concerned about the stability of the region right now? >> for the last year they have told european clans they face a threat in
significant things in that the military intervention threatens to derail energy under vegan. -- intervention. the key pipelines that go from russia into europe through ukraine. we have seen energy analysts saying that it could affect gas prices as far away as great britain. >> and not to mention supply routes as well for troops in afghanistan. how is it then that vladimir putin feels he has the upper hand, that the international community is impotent? >> i think there is very little militarily that the international community can do. when the kremlin has sent troops across the border in the past of the u.s. and its allies cried foul before. we saw this in 1979, we find thousand eight -- we saw in 2008, but no military action was taken. it is not clear they will go further than seizing crimea, but there is very little beyond diplomatic and economic isolation that the rest of the world can do at this point. it remains to be seen how the ripple effects are going to affect the economy, and also diplomatic ties with russia which we need for other reasons like iran and syria. indira joining us on
troops at all. ukraine relies on russia for most of its energy, using most of that natural gas to fuel their industry and heat homes. the fear is that that reliance will be russia's next weapon. russia could punish ukraine by cutting off the gas altogether. .> they are considering it >> if russia turns off the gas, what would you do? >> we will try to turn the tap it another way. russia cannot the refusing gas -- cannot use gas as a weapon. >> back on independence square they know a thing or two about dealing with the cold. they have been out there for more than three months. they also know about gas shortages. russia has turned off ukraine's gas twice in the last decade. not everyone is convinced that the russians are up for that fight. >> ukrainians and russians? for how long will russia be able to be in this situation? it all goes through ukraine. what will happen? what will happen to their economy? >> night falls. they are celebrating in key avenue. back in their homes, the gas is still flowing. the next front is still an invisible threat. kiev.erg, >> one man who knows how russia
it is a brokerage business. >> what happened once we did energy and we broker oil and we hang up the phone. we went into the shipping brokerage business. what is the difference? service and brokerage. you are not taking the risk, you're helping clients achieve their goals. you hire smart oh. we do huge amounts of analytics on real estate. nobody else does. mostly people say the real estate lead 45. instead of saying find to this kind of space at $31.90. bgc/cantorlass at and you jam and every piece of real estate. how do you decide which wants to buy? the same way you should be analyzing what real estate to invest in. what should you rent? that is why we are doing spectacularly well. big bcg is.ow it is a public company. about 450 billion dollars. how is cantor these days? >> we only had a billion 500 million in capital. morganlook at what stanley has, it keeps us nice and safe on the sidelines. we are owing to do things that ouran outperform with brains. take the managers and let them use in the platform they want. is getting in that business. how are you going to get in there? >> we are smart and
different ways. obviously rising gas prices along with energy prices on the rise in general. already trading near the highs of the year, partly on concerns about supply disruptions with russia and ukraine. higher grain prices as well or even food prices. ukraine, remember, is a major exporter of wheat and corn. if you pair that with some of the weather issues we have been having, you could see higher sticker prices for your food. then there are american companies with direct exposure to ukraine, like accounting firm pwc. we reached out to them. they came back to us. they actually had to close offices in two different locations. they said although they were briefly closed all of pwc's offices in the ukraine are now open. there are other american companies that we found with business in ukraine. cargill, abbott labs, both no comment. adm, no significant business impact but it's monitoring. baker mckenzie, the first international law firm to open its doors in ukraine in the early '90s, they told me they are keeping an eye on this situation under constant review and employees there are allowed t
that directly benefits from turmoil that could restrict energy exports from russia, driving up the price of crude worldwide. it know it seems a little illogical given that continental's crude goes to gasoline in this country. remember gasoline in this country is priced off the inflated oil price set in europe, not by the domestic price here. and that means bakken oil is even more valuable to east coast refineries than ever because of what was happening with ukrainian/russian tensions. continental got pulled down by the power of the futures. and they're so all encompassing, they crush every stock right or wrong. toe tam opportunity, one that should have been seized, same with the natural gas stocks. our natural gas when it's going to be shipped to europe could help free the west from nat gas tyranny that russia exerts. in other words, it was a positive. how about theme number four. i think the issues over ukraine served to remind us how the asset class of stocks are weak and people not as enriched by a rally. so to use a prime example, we are more, not less likely to shop for discounts. m
are all in talks with iran over its nuclear program. while they talk, energy companies are chomping at the bit to get back into theç islac republic. sanction-free. sharon epperson talking with two big companies now making plans to do just that. she joins us live in houston. hi, sharon. >> reporter: hi, sue. ceos of some of the major oil and gas companies in europe are really looking for investments overseas, including iran. i spoke to the ceo of totale in france, who said they are definitely interested in investing in iran under the right conditions. >> even on what we call the interim period, we might start discussing. we will not invest, we will not negotiate new terms until we can do it. >> reporter: the ceo of italy's eni was the first western oil company ceo to meet with iran's oil minister once that preliminary nuclear deal was reached last year at the end of last year. he says he applauds iran's decision to retool the terms of their business model and in terms of enticing more investment in iran's energy sector, but he says there are definitely some changes that need to be
and western europe are reliant for a large portion of their energy needs. be a douchewill it -- we have anastasia, ryan, i want to start with you. what are you hearing from the people there and whether they have a sense things will not continue to get worse right now. class a lot to talk about. let's start with some of the unrest in the east in the country. , an has been the city industrial city of about one million people. about 500 miles east of here. the last few hours, we have seen clashes. we effectively had a group of about 2000 pro-russian protesters. 5000 pro-ukrainian protesters. then the police were brought in separately. a group actually stormed a regional government building there. we heard the day before yesterday president putin talking about why russian forces are in crimea and why he is looking at the ukraine. he talks about the need to protect russian speaking people. this would of course give him an excuse to go in eastern ukraine, something he said he did not see the need for yet. it is certainly something to watch. then at ground zero in his crisis, that is crimea. t
for economic security and job creation so we can continue to have energy independence in the united states and not by foreign oil. pretty simple. >> he's got a telephone and a pen. i wish he would use it an keystone. let's move on. governor fallin, he did state to the governors and of course you're the chair to the association. what else was he selling? for example, i recon he talked about the minimum wage which has become very controversial after a cbo study that says it will cost jobs. what do you say about the minimum wage? >> well, one of the things we do when we come together for our winter meeting is to take about issues with the president. of course he talks about the issues that are important on his agenda. he did push for the minimum wage. he's talking a lot about climate change. he's talking about the work force which we talk about a lot, i think it's important to the nation. he talked about infrastructure development and of course the governors are saying we need more flexibility. we believerevolution. we talked about work force skills and closing the gap between what employers
. some productivity you don't need as much investment in energy and a. liz: the chart looks negative, the stock fell off a cliff. you sound positive. is there an opportunity? >> it is an opportunity. proof of concept will come in queue 4. even though they had lower numbers due to a promotable holiday but as you look at everyone who has worked in retail over the last couple weeks i don't think anyone had a good holiday and is not something specific to them. there are pluses and minuses to their business. this stock goes higher from here but ultimately you needed. q 4 to have a big move. liz: we appreciate it. back to work. thanks a lot. carl icahn furrowing another plunge in his public battle with ebay. the billionaire investor firing off his third letter to shareholders, he is behind the typewriter sending his letters out, riling everyone up. the ecommerce diet isn't backing down, the founder and chairman himself responded so who's going to win this fight? title wealth management and the freeman, carl icahn is on fire. is he right or a giant pain in the ass? >> the bins we are sittin
. they have such a diverse range of energy, infrastructure. it, they tend to have done well. one area that they have not done, one of the companies he has owned, one of the most famed companies that he holds. it has not borne fruit in 2013. it is got a lot of international exposure. u.s. and the growing economy. >> he holds many records. one long-standing record might come to an end this year. >> a 44 year record. it could be the first time he ever misses his target to increase the net worth more rapidly than the s&p 500. >> he doesn't care about the share price? >> he doesn't. you look at the book value of berkshire hathaway. since he took over it has outperformed the s&p 500. you look at five years, each five years always outperformed the s&p 500. this time it might not. 2013 was such a stellar year. the s&p 500 returned 128% since the end of 2008. that is a phenomenal performance but it is not living quite up to his usual target. 65, thet forget society book thought he was $19. year on year, compounded, generally you're getting 20% from berkshire hathaway. that heinz might be one o
will join us to talk about the future of energy when we return in just a moment. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. >>> welcome back to "squawk box," everybody. i'm becky quick. we have your morning headlines today. mt. gox filed for bankruptcy protection. that announcement came at a tokyo news conference at which mt. gox ceo apologized for the bitcoin exchange's problems. he said mt. gox may have lost nearly $500 million because of bitcoins because of a hacking into their system. wow. >> you pulled a sorkin. >> i know. i saw you catch me. >> is that what it's going to be called, a sorkin. >> skip the name. >> skip the name. say ceo. what difference does it ma
as to cause instability that reaches europe and perhaps the u.s.? energy market trader phil flynn says it starts with natural gas produced in russia carried in pipelines to ukraine and beyond to europe. russia will look to raise natural gas prices on ukraine. if they cut off supplies of natural gas, europe will use more oil and it will be bullish across the energy complex. already russia has made it clear that ukraine's 15-billion dollars' worth of inexpensive deals for fuel sources are in jeopardy. the u.s. can be affected because the price will go up if the supply is reduced. the white house walked carefully down the middle of ukraine's unrest. this is not a competition of east versus west. there's no resumption of the cold war. this is about the ukranian people and their future. the bright spots emerging from the crisis in the ukraine-- are the country's bond prices are rising and so is the stock market. on speculation that the country will get european and u.s. aid after the ouster of president yanahkovych, the ukraine;s stoxx europe 600 index rose to a six-year high. coming up
't been more aggressive with regards to russia. it's because of their energy dependance on russia. one-third of the national gas coming from russia ironically through ukraine. and you made a very important point there, we know in many cases oligarch has ties to london and that's why the uk, too, may not want to be more active than someone else. i think the eu is going to remain pretty passive here and they will continue to find a peaceful and diplomatic way to solve this crisis. >> certainly something that angela merkel and the germans have been pushing for over the last couple of days. we'll come back to you later in the show. joining us now is benwa ann from societe generale. you were saying yesterday that we need to take a central strategy here particularly where central europe is concerned. has your view changed given what we've heard about the troops in russia right now? >> the situation remains quite volatile. so it's probably too early to make a final call on this, as we discussed earlier the situation is evolving and we are still in much more on the bull markets. but you're rig
for economic growth, energy and the environment. is that -- >> that's about right. >> the beginning of the conversation about to happen. play out the situation in the ukraine for a moment. >> well the situation they have a governance crisis and they are going to have an economic crisis if these withdrawals continue. they have about $18 billion in reserves, $27 billion, $28 billion in debt. they owe the imf about $3.7 billion, they owe creditors over the course of the next 12 months or so maybe $1.72 billion, in interest, and then there's always the rollover question, people really lost a lot of confidence in their economies. >> but handicap it for us. what is going to happen? what is the role that russia is going to play? where is the -- how does this all end? >> it's very hard to figure out. there's no way of knowing how it's going to end. they've had a lot more violence than they ever anticipated for the russians or the ukrainians themselves, these revolutions in eastern europe really haven't been deadly. now a lot of people have been killed and there's a risk there will be more.
features, a lot of people in portland are looking for. such as energy-producing solar panels, tankless water heaters and energy efficient fixtures. >> beautiful. love it. >> great house. >> sure it is. to our power house of the week, which i fell in love with. 14606 northwest 52nd court. actually located in vancouver, washington, and we'll tell you why that's important. the sales price is $1.4 million. it has four bedrooms, seven bathrooms, a pool house. 5,300 square feet and under $12,000 in taxes. i'll getting on a plane. i love this house. tell me about it. >> i'll write it up for you, sue. >> you got it. >> a really great property. what a lot of people don't realize, vancouver, washington, and portland are very close together. we have a lot of season buyers entering retirement account stage, and since portland's income tax is about 12% people move to washington with no state taxes. you get a lot for your money in vancouver. looking at this house, a great retreat t. is a great retreat. i love that outdoor fireplace. and, you know, just a beautiful part of the world. let us know if t
northern santa fe, and acquisition he did back in 2010. unit. from an energy it is coming from all of these acquisitions. the issue ofraise succession even more? >> succession is a huge issue for berkshire. if you listen to what buffett said about that in the past, he would say that these operating berkshire hashow a future that is going to go on much longer than him. he is not involved in the day-to-day operations. >> right. i wonder what the correlation is between their profits and gdp. is there one? analysts,speak with as the u.s. goes, so does berkshire. think about something like burlington northern santa fe, a big, big railroad. if people are buying more stuff, companies are moving more stuff, burlington northern tends to do better. --what are you expecting what do people want to know? is always on the table. last year, he did not give us that much on that front. apart from that, it is going to be everything from the economy to his thoughts about the investing environment right now. are these sectors the ones that are responsible for the profits? >> a big chunk of it. another
at a point where they can afford not to pay them for the energy bill for couple of months, that is still a temporary move and will still remain the primary supplier. russia knows that. >> what do you think about the comment to trish to never take vladimir putin at his word? let me also add to this. senator mccain went so far as to say we heard similar rhetoric from hitler as he was trying to protect german speakers. so he really has no use for what he is saying right now. i wonder from a market perspective. >> a lot of people have been doing that. what do you think about it as an investor? >> the markets have already picked a winner and loser. if you look at the ukrainian stock market, it is of a percent. the russian stock market is down 12%. ukrainian bonds of the highs. upkets can be wrong, but until now the market is saying in is losing. him and interacted with work with him to get what he needed done and thought very highly of him at the time. very pragmatic. says hew my uncle thinks he wants to be the best are. >> your uncle is saying what a lot of people need to be saying edges he
be bringing higher. a lot of them have to do with alternative energy. >> no shocker. first of all, if you are looking at etf's, the plain-vanilla ones don't have any exposure to elon musk companies. you have to go to the niche area. one example is the market vectors global alternative energy. it has 18% exposure to elon musk companies, 14% in tesla, 4% in solarcity. it is up 12% year-to-date. of the 12%, elon musk is personally responsible for a .5%. it is rare to see one person have such an effect on an etf holding 40 stocks. another example is the first trust green energy etf. this one is focused on u.s. companies. elon musk companies are about 18%. very heavy with elon musk companies. this one is up 16%. the third one is the global-x etf. >> i can imagine that is heavily traded. lithium goes into batteries, right? >> this announcement of the world's largest battery factory, this popped on that. volumes up over 100,000 shares. it is growing. a very niche etf, only tracking 20 companies. the top 10 account for 80% of the portfolio. due to this announcement, and smart phones and iphones u
of energy based on the idea that we could see sanctions on russia. obviously, we're waiting today for further news on just what action the west is going to take. but right now, we're seeing brent and u.s. crude higher in trade this morning. the dow is down around 0.8%. we've got dollar/ruble trading at five-year highs. i mentioned those actionses and the potential oil impact, gas impact. gazprom one of the key losers for the russian market. we've got a broader impact as far as the russian markets are concerned than what we're seeing in poland, as well. so the real dominating factor is the ukraine. thousands of russian troops are focused in the crimea region following a dramatic weekend in the ukraine. this is a declaration of war by vladimir putin. u.s. secretary of state john kerry condemning russia's actions and will travel to kiev tomorrow for talks with the new ukrainian government. >> president putin is using force in a completely inappropriate manner. fears he's going to lose on the international stage. russia is going to lose. >> steve, it's the one possible benefit of seei
game. russia is the second largest producer of the energy...and much of its oil flows through ukrainian pipelines to the rest of europe. russian natural gas monopoly gazprom plans to discontinue discounts on the nat gas it delivers to ukraine starting early next month. gazprom claims the ukraine is not fulfilling contractual obligations. fox business news analyst and oil trader phil flynn has this take.. " when we look at ukraine it's kind of the tale of two markets: you've got the european market that has been very volatile based on the headlines coming out of russia and the ukraine and of course here in the u.s. we're mainly focused on this ridiculously cold weather. so, you put it together: we've got a cold war, cold weather, natural gas is going to continue to be crazy." natural gas futures spiked almost 4% yesterday. a budget blueprint for the u.s. is on the table. president obama's 4 trillion dollar proposal includes 56 billion dollars of investment spending for pre-k education, infrastructure, and job training programs. it raises taxes on wealthy americans and includes an
after this break. i always say be the man with the plan but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headach
electricity whenever our customers need it. ♪ but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea,
, but we think there's still a lot of value in energy and in the tech sector in the larger cap names. >> we, on the other hand, we would be careful -- very quickly, we would be cautious hardi regarding any yield plays or income plays. i would be positioned to play a stronger than expected economy. small banks, community banks in particular are still very cheap and we're in the middle -- we're in the beginning of a consolidation in that industry. so i think that's a great sector to be in. >> so you feel interest rates are rising as the economy gets stronger there. very interesting. thank you all. >> fascinating. >> appreciate it very much. >>> as we sit here, we are near the highs of the day right now. the dow four points off that high we hit earlier in the session with a gain of 235 points. >> we have 45 minutes to go to the close. if at first you don't succeed, try again. that has been the president's motto when it comes to the federal budget. he's trying again today. we'll take a look to see who would be paying more in taxes if he gets his way this time. >>> renowned bond fund pimco has b
orchestrated this closer ties to the west.. they're scared to death that russia -- they get all their energy from russia. they're worried. so here at home, president obama is going to unveil his -- what a concept, a budget. the 2015 budget plan today. >> we've got one every year. and among its divisions an expansion of the earned income tax credit designed to help lower income americans. the budget is having little chance of passage in the republican-controlled house. and in house budget committee ranking member chris van holen is going to tell us about that when he joins us later this hour to discuss the budget proposal at about 7:40 eastern time. and the controversy over bitcoin, a prime topic in japan, the country's finance minister says the country is still investigating the collapse of mt. gox, which was based in tokyo. it's still uncertain whether illegal activity was involved. >>> and new york state's chief banking regulator ben imam lochti, says that that collapse ultimately could be a positive for digital currencies -- we've got to get these bad actors out of here. it's growing pain
. a 22% gain in profit. he is so ingrained within the u.s. economy. he has holdings in energy, infrastructure, trucker and, banks, more than 80 companies. interesting exception, his second-biggest -- coca-cola. fears about sugar content, where word about our health. that one did not pay such good dividends. what did pay good devin -- dividends is heinz. he has done particularly well 280it seems the company -- billion dollars is what it is worth. it keeps on growing. >> he usually says don't rate me on my share price increase. remy how i do versus the s&p 500 on a dividend basis and over the past five years. tends to be net worth versus the s&p 500. it is not done as well. for 44 straight years he outperform. end of 2008, it has risen 80%. >> it has been an incredible year. caroline hyde, our european business correspondent. next-generation biofuel. stay tuned. we will tell you about it when i come back. ♪ >> next generation biofuels. they have been described as bridging the gap between agriculture and advanced materials. with companies like shell opening manufacturing plants
on oil, energy and other manufacturing companies. the capital cost deductions have been reduced. but as steve said, you're basically -- look, the two basic rates here are 10% and 25%. that's two basic rates. now, i regret that they had to hit higher rates to path surtax on. we wanted that for years. you could leave that 35% rate alone and everybody could have the 15% rate. everybody else could have a 15% rate. i would have preferred he go there. >> i don't take the camp plan as definitive if that was the only thing out there i would take it. in see it as putting something on table, taking all the secrecy away from it. one i want shows the tax code has to be junked but two it shows there's a lot of ways you can get massive tax deductions by removing these preferences. if you have a vibrant economy you won't see a 15% decline in housing values. people will buy more houses and move around this country. >> hugh, the gop has to have a growth message. now we can maybe really -- i can tweak -- look i did it on the air. i asked him about a lot of these flaws. the gop has got to have a
witches. these are people who use "divining rods" like these. to look for what they call "natural energy". to locate underground water. this is marc mondavi. of the mondavi winemaking family. using divining rods. scientists don't believe these methods actually work. but many homeowners, small farm owners, and at least one large-scale winemaker do. >> in martinez 18 is struck and killed by a freight train. will tran is now live with the latest. maligned here is video of the accident that took place yesterday at 5:00 p.m.. according to investigators two teenagers were walking along the tracks and both of them got off but someone lost a sale fall and came back and that is why she was hit. i had a chance to talk to a witness in this is what they had to say. lif >> i rode up on my bicycle when i was confused because i saw these police cars. i thought it was related to its stolen car with that i found out that a child was his fifth five think that was really tragic. >> he statedinvestigators are still try to find out what happened and they will have grief counselors at the school. they are hea
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